Algonquin Power & Utilities Corp T.AQN

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[retiredcf]

Scotia Capital’s Robert Hope thinks TSX-listed pipeline and midstream group are benefiting from a stronger commodity price environment, which he think will continue through 2022. 

In a research report previewing earnings season, he also noted renewable power names “continue to be strong.” 

“While they have softened recently, we continue to see strong investor interest in the group. The utility group has also been strong despite the inflationary environment and rising interest rates, as investors find their defensiveness attractive,” he said.

Mr. Hope made a series of target price adjustments:

• Algonquin Power & Utilities Corp. ( “sector perform”) to US$16.50 from US$15.50. Average: US$17.25.

[stocktalk]

But.... what about the high debt level ?

[bushman33333]

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[1zmxncbv]

They seem to be making money .. Bottom line ... stay long and recieve dividend .. no worries here ..

[GassXX]

[wooffer9]

BUT........WHAT  ABOUT  THE  HIGH  DEBT  LEVEL ?

[1zmxncbv]

Algonquin Power & Utilities has a consensus price target of $16.63 US, indicating a potential upside of 6.78%. Given Algonquin Power & Utilities’ stronger consensus rating and higher possible upside

[1zmxncbv]

BMO Capital Reiterates Outperform Rating on Algonquin Power & Utilities Corp. (AQN:CN) (AQN)

[GassXX]